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Athens News Agency: News in English, 09-06-25

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] Papandreou on policy for economic recovery

  • [01] Papandreou on policy for economic recovery

    Getting the country back into a "growth trajectory" was the challenge facing PASOK, the main opposition party's leader George Papandreou stressed on Thursday. He was addressing a meeting of PASOK's working group for the economy, during which he presented the four main policy directions of the effort for recovery.

    Papandreou also referred to an anticipated introduction of new taxes to raise state revenues, noting that this was "the easy choice for a government that has no reform plan, not even a plan for restructuring the production sector of the economy".

    He pointed out that PASOK had warned people about the imminent new taxes before the European Parliament elections and had asked the government to tell voters exactly what was in store for them.

    According to PASOK's president, an additional tax burden for middle and low incomes during a period of recession would prove catastrophic for the economy and extremely difficult for the average Greek family.

    "The fact that Greece has entered a trajectory of recession and fiscal irregularity is confirmed by both the Organisation for Economic Cooperation and Development (OECD) and by the European Commission," he said, accusing the government of lacking any serious plan for the country's recovery.

    Papandreou also blamed the government for Greece's present plight, saying it was a result of mistaken policies, and for failing to take any measures to support the economy as other countries had done.

    According to PASOK's president, economic recovery would need a four-angled approach that included measures to deal with the country's economic shortfall through the funding and restructuring of production infrastructure to create a new economy spearheaded by "green" development; measures to boost the reliability of economic policy and reduce the cost of funding productive investments; imposing rules of transparency, participation and joint responsibility; and a serious fiscal reform with radical changes to the method for drawing up the budget.

    Athens News Agency: News in English Directory - Previous Article - Next Article
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